Trade Analysis #25: $WLD Price Pump, Is it Sustainable?
$WLD experienced a significant price increase today following the announcement of an extended token unlock schedule for early investors and team members, from three to five years.
Pump-driven rallies, such as this one, often lack the staying power of price increases fueled by substantial project advancements. Consequently, exercising caution is advised.
If you are in a position, like I am... I personally will consider taking profit near resistance levels of $3.50 and $4.10.
However, if the price encounters strong rejection at these levels, I might buy near the support levels of $2.10 and $1.80.
That's it for today $WLD Trade Analysis. I hope this short analysis help you make smarter trade decision.
Trade Smarter! Peace Out ;)
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